The Sept. 30 deadline to fund the government is fast approaching, yet Congress left town last week for August recess having achieved little headway on a slew of appropriations bills.
EU officials have long expressed concern to the Biden administration that the sourcing requirements for Inflation Reduction Act’s green vehicle provisions would cripple the European industry for electric cars.
Powell reiterated that policymakers want to see signs that inflation is flattening before they feel comfortable that they’re making progress toward their goals.